QAD Inc.(NasdaqGS:QADA) dropped from S&P Software & Services Select Industry Index

QAD Inc. provides cloud-based enterprise software solutions for global manufacturing companies. The Company offers a set of manufacturing enterprise resource planning (ERP) and supply chain management capabilities. The Company provides enterprise Software as a Service (SaaS) solutions. The Company's solutions include QAD Adaptive Applications. Its architecture, called the QAD Enterprise Platform, allows manufacturers to upgrade existing functionality and extend or create new applications. The Company markets its products and services worldwide, primarily to companies in the manufacturing industry, including automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries. The Company's solutions include Effective Enterprise Management, Digital Manufacturing, Complete Customer Management, Integrated Supplier Management and Connected Supply Chain. The Company operates in North America, Latin America, EMEA and Asia Pacific.